Active Members News 2011

The Fund has published an updated version of its guide, ‘Planning your Retirement’.

Annual Benefit Statements are currently being posted to those employees who were members of the LGPS as at 31 March 2011. If your membership started after 31 March 2011, you will receive your first statement next year.

The Fund has published its Report & Accounts for 2010/11. It details the Fund's investment and administrative performance for the year ending 31 March 2011.

The latest issue of our newsletter for active members of the LGPS, ‘Beeline’, has been published. It includes coverage of Lord Hutton's Report to the Government making major recommendations about the future structure of public sector pension schemes.

The Fund actuary, Mercer, has published its final report after conducting the triennial valuation of the Fund as at 31 March 2010.

The Independent Public Service Pensions Commission set up in June 2010 to undertake a fundamental structural review of public service pension provision, has published its final report.

The Fund has written to the Chancellor of the Exchequer expressing concern about HM Treasury proposals to increase employee contributions to the Scheme by 3.2%.

From 1 April 2011, the contribution earnings bands on which members’ contributions are based will change.